Insider Selling: Life360 (NASDAQ:LIF) CEO Sells 4,546 Shares of Stock

Key Points

• Life360 CEO Lauren Antonoff sold 4,546 shares of the company's stock for approximately $461,510, reducing her ownership by 1.34% to 333,919 shares valued at around $33.9 million.
• The company's shares traded up to $104.51, with a 52-week low of $29.62 and a high of $107.34, indicating significant market activity.
• Analysts have set a consensus rating of "Buy" for Life360 with an average target price of $91.43, reflecting positive sentiment among multiple research firms.

Life360, Inc. (NASDAQ:LIF - Get Free Report) CEO Lauren Antonoff sold 4,546 shares of the firm's stock in a transaction on Wednesday, September 24th. The shares were sold at an average price of $101.52, for a total transaction of $461,509.92. Following the transaction, the chief executive officer directly owned 333,919 shares of the company's stock, valued at $33,899,456.88. The trade was a 1.34% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.

Lauren Antonoff also recently made the following trade(s):

• On Friday, September 5th, Lauren Antonoff sold 17,764 shares of Life360 stock. The shares were sold at an average price of $90.90, for a total transaction of $1,614,747.60.
• On Monday, August 25th, Lauren Antonoff sold 4,546 shares of Life360 stock. The shares were sold at an average price of $90.00, for a total transaction of $409,140.00.
• On Thursday, July 24th, Lauren Antonoff sold 4,546 shares of Life360 stock. The shares were sold at an average price of $75.69, for a total transaction of $344,086.74.

Life360 Trading Up 0.7%

Shares of LIF traded up $0.74 during trading hours on Friday, hitting $104.51. 837,128 shares of the stock were exchanged, compared to its average volume of 731,751. Life360, Inc. has a fifty-two week low of $29.62 and a fifty-two week high of $107.34. The company has a debt-to-equity ratio of 0.84, a current ratio of 7.14 and a quick ratio of 7.01. The business has a 50-day moving average of $87.37 and a 200-day moving average of $63.77. The firm has a market capitalization of $8.10 billion, a P/E ratio of 326.60 and a beta of 3.50.

Life360 (NASDAQ:LIF - Get Free Report) last posted its quarterly earnings data on Monday, August 11th. The company reported $0.08 earnings per share for the quarter, topping the consensus estimate of $0.02 by $0.06. Life360 had a net margin of 6.45% and a return on equity of 7.65%. The company had revenue of $115.38 million during the quarter, compared to analysts' expectations of $109.33 million. Life360 has set its FY 2025 guidance at EPS. On average, research analysts expect that Life360, Inc. will post -0.17 EPS for the current year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Teacher Retirement System of Texas raised its position in Life360 by 81.8% in the first quarter. Teacher Retirement System of Texas now owns 13,365 shares of the company's stock worth $513,000 after acquiring an additional 6,014 shares during the period. Emerald Advisers LLC raised its position in shares of Life360 by 53.8% in the first quarter. Emerald Advisers LLC now owns 270,817 shares of the company's stock valued at $10,397,000 after purchasing an additional 94,679 shares during the period. Invesco Ltd. bought a new stake in shares of Life360 in the first quarter valued at approximately $540,000. Federated Hermes Inc. raised its position in shares of Life360 by 75.6% in the first quarter. Federated Hermes Inc. now owns 48,773 shares of the company's stock valued at $1,872,000 after purchasing an additional 21,004 shares during the period. Finally, Bank of New York Mellon Corp raised its position in shares of Life360 by 320.0% in the first quarter. Bank of New York Mellon Corp now owns 549,272 shares of the company's stock valued at $21,087,000 after purchasing an additional 418,493 shares during the period. 20.00% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have commented on LIF shares. Evercore ISI raised their price target on shares of Life360 from $55.00 to $95.00 and gave the stock an "outperform" rating in a report on Tuesday, August 12th. Canaccord Genuity Group raised their price target on shares of Life360 from $86.00 to $90.00 and gave the stock a "buy" rating in a report on Tuesday, August 12th. Wall Street Zen upgraded shares of Life360 from a "hold" rating to a "buy" rating in a report on Saturday, August 16th. Stifel Nicolaus raised their price objective on shares of Life360 from $87.00 to $92.00 and gave the company a "buy" rating in a research note on Tuesday, August 12th. Finally, Citigroup initiated coverage on shares of Life360 in a report on Thursday, July 31st. They set a "buy" rating and a $90.00 price objective for the company. Seven equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company currently has a consensus rating of "Buy" and an average target price of $91.43.

About Life360

Life360 Inc is a family connection and safety company. Its business category includes mobile app and Tile tracking devices with a range of services, including location sharing, safe driver reports and crash detection with emergency dispatch. Life360 Inc is based in SAN FRANCISCO.

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